900% Fee to Send Bitcoin? No Thanks!

in bitcoin •  7 years ago  (edited)

This is the most ridiculous thing I've ever seen or heard of. If you think I'm joking, please look at the screenshot I took while trying to send BTC from my Ledger... To my Ledger.

I really, REALLY hope nobody actually paid a 900% fee because that is straight up robbery! Don't we all want to tell people that cryptocurrency has low fees? What happened? Why do people put up with this shit anymore? I even selected the Slow Confirmation option, for the lowest fee possible, and even that was $17! Ridiculous...

I can't even imagine a world where you have to pay TEN TIMES the amount you want to move around, as the fee... Pure and utter idiocy, and stuff like this really has me wondering which crypto will come out on top... Something tells me it won't have a $10 fee attached to it... Nobody likes fees! LOL this is why I just made a post about Dogecoin, which has one of the lowest fee rates ever... Almost always less than 1 cent. I prefer even less, like the zero cents rate via Steemit :D

What do you all think about fees? And if you like fees, please let us know if you're also a miner (;

MY SUGGESTION TO ALL OF YOU: HODL YOUR BITCOIN FOR NOW. I DON'T THINK THERE'S A RUSH TO SWITCH FROM A LEGACY ACCOUNT TO A SEGWIT ACCOUNT. I'D WAIT FOR A DROP IN FEES, BUT I MAY BE WRONG ABOUT THE LACK OF A DEADLINE; PLEASE FEEL FREE TO CORRECT ME!

Please let me know if any of this is confusing for you (: Here to help!

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Wishing you all lots of love in life,

Alex Van Aken

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What the heck!!! That's annoying. I had that happen once so now I try to just use Litecoin instead. I'm not a fan of those fees.

I'm totally with you. Seems like these exchanges and online wallets are making a big profit taking advantage. Seems no different than my bank nowadays... We need truly decentralized exchanges ASAP!

Yeah for real! Crypto fees are supposed to be cheaper than the banks! 😄 And I'm honestly wondering if they'd charge me an overdraft fee just like a bank LOL cuz I almost sent $90 yesterday for a total of $1000 in costs including the fees... That would have been weird.

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